ESMA Sets Jan. 8 Deadline to Wind Down Noncompliant Stablecoins
The European Securities and Markets Authority has called for the wind-down of noncompliant stablecoins by January 8.
The European Securities and Markets Authority (ESMA) has issued a call for the wind-down of noncompliant stablecoins by January 8, according to The Defiant.
Regulatory Action
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The directive targets digital assets operating within its jurisdiction that fail to meet the required regulatory standards. Issuers and market participants must address compliance or initiate cessation procedures ahead of the stated deadline.
Key facts
- ESMA called for a noncompliant stablecoin wind-down
- The deadline is set for January 8
Source: news.google.com
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